Author name: Anthony Wambugu

The contribution margin represents the portion of a product’s sales revenue that isn’t used up by variable costs, and so contributes to covering the company’s fixed costs. Sales revenue less the cost of products sold is known as the gross profit margin. Contribution margins simply account for variable costs, but gross profit margins take into

The following discussion can help you determine whether your trip was entirely within the United States. Enter a ZIP code or select a city and state for the per diem rates for the current fiscal year. Per diem rates for prior fiscal years are available by using the drop-down menu.. Federal employees should refer to

Having your own business offers the greatest benefits while posing the largest risk. You may have unlimited flexibility, but you’ll have to earn clients to make money. You can make a lot of money, but you may have more clients than you want to deal with. The average enrolled agent salary in the United States

This reduction can lead to a more favorable view of the company’s profitability, as it shows that the company is effectively managing its costs. Additionally, the use of contra expense accounts can impact key financial ratios, such as the operating margin and net profit margin, by presenting a more accurate measure of the company’s financial

Startups can save money on accounting immediately by taking meticulous care of their records, receipts, and spending. Choosing an accounting program that can help you organize everything in one place is invaluable. In this accounting method, each transaction is assigned to a specific account using journal entries, and the changes in the accounts are recorded

Equity represents the residual interest in a company’s assets after deducting liabilities. On a common size balance sheet, equity is expressed as a percentage of total assets, illustrating the proportion of the company financed by shareholders. This section typically includes common stock, additional paid-in capital, retained earnings, and other comprehensive income. The common size balance

One of the biggest challenges for self-employed therapists is paying taxes, particularly estimated taxes. As a counselor or therapist, you know that dealing with tax matters can be as complex as navigating a client’s mind. At Busy Bee Advisors, we provide tax advice specifically tailored for mental health professionals. Think of us as your financial

Beyond the counter, discrepancies can arise during the cash counting process. Inaccuracies in this stage may be due to rushed counts, distractions, or simple miscounts. These errors are compounded when there is a lack of standardized procedures for counting and recording cash amounts. What is the Journal Entry to Record a Cash Shortage? For instance,